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twenty-one new taxes. twenty-one new taxes that will amount to $675 billion. this is getting expensive. among the most controversial, 2.6% tax. another $43,000. house republicans voted last summer to repeal this that they had installed it in the senate. senator orrin hatch renew the effort today. he introduced a bipartisan amendment with nine democratic cosponsors to roll back that medical device attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family. one study commission that obamacare will increase the cost of a family plan by $7200. do any of you remember the original statement by the president and his team? this is a plus. but it would cut it by $2500. in government terms, it is a $10,000 swing. so how do the officials feel about those rising premiums? well, here you are. >> why have the rates risen, and will be they rise further? >> i think that what we are seeing is pretty good news. i used to watch this day in and day out. we have seen far feral or increases in the last few years than in the previous decade. >>
twenty-one new taxes. twenty-one new taxes that will amount to $675 billion. this is getting expensive. among the most controversial, 2.6% tax. another $43,000. house republicans voted last summer to repeal this that they had installed it in the senate. senator orrin hatch renew the effort today. he introduced a bipartisan amendment with nine democratic cosponsors to roll back that medical device attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family....
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we balance the budget without raising taxes. we're actually growing the economy. it appropriates a fasters a healthier stronger economy to create more jobs. michael: the reason a lot of republicans probably voled against this bill is it doesn't stand a prayer in the senate. it is not going to pass the senate. this is almost a symbolic vote. they voted on this ryan budget now a number of times amounted i had has not really passed ever. john boehner was happy because what they did also today was approve by 318-109 a federal spending bill to keep the government funded through september 30, which averts a march 27 shutdown of the government. here is the speaker of the house excited by the vote. >> it is a good day for the american people. every family in america must balance their budget. today, us republicans passed our bold plan to balance the budget over the next 10 years. this budget does more than just balance. it helps improve people's lives and addresses the things i think they most care about fixing the tax code lowering rates means more jobs and higher wages
we balance the budget without raising taxes. we're actually growing the economy. it appropriates a fasters a healthier stronger economy to create more jobs. michael: the reason a lot of republicans probably voled against this bill is it doesn't stand a prayer in the senate. it is not going to pass the senate. this is almost a symbolic vote. they voted on this ryan budget now a number of times amounted i had has not really passed ever. john boehner was happy because what they did also today was...
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they call for higher taxes to fund government programs. house speaker john boehner remained skeptical. >> the budget that senate democrats are considering never balances, ever. that means more debt, fewer jobs and, frankly, much higher taxes from the american people. >> sreenivasan: the negotiations over these competing party visions for governing will begin in earnest when president obama submits his spending blueprint on april 8. with their work done, house members leave town today for a two week recess. while senators will remain in a marathon session until a vote on their own plan to fund the government. judy woodruff takes it from there. >> woodruff: for what's happening behind-the-scenes, we turn to todd zwillich, washington correspondent for "the takeaway" on public radio international. welcome back to the newshour. >> good to be with you, judy. >> woodruff: first this vote to keep the government funded by the end of the fiscal year, both the house and senate passed this. does this mean democrats and republicans finally see eye to e
they call for higher taxes to fund government programs. house speaker john boehner remained skeptical. >> the budget that senate democrats are considering never balances, ever. that means more debt, fewer jobs and, frankly, much higher taxes from the american people. >> sreenivasan: the negotiations over these competing party visions for governing will begin in earnest when president obama submits his spending blueprint on april 8. with their work done, house members leave town...
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this is a tax that taxes innovation, increases health care costs and also is a tax that kills good-paying american jobs. finally, we want the new medical devices to be developed here in this country. we don't want them to be developed in europe because of an onerous tax. what we're going to see is that americans are going to have less access to the very new and best products because it's going to become too costly in this country for new companies to develop those products and for start-ups. and at the end of the day it will be sad for americans. so i would urge my colleagues to support senator hatch's amendment and again thank him for his leadership. thank you, mr. president. the presiding officer: who yields time? mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: mr. president, i think we had a confusion on the time here. i had reserved ten minutes. i had 17 under the motion. and i think there's been a confusion about it. what is the status of the time? i would ask that i be allowed to have ten minutes. the presiding officer: the time until 8:10
this is a tax that taxes innovation, increases health care costs and also is a tax that kills good-paying american jobs. finally, we want the new medical devices to be developed here in this country. we don't want them to be developed in europe because of an onerous tax. what we're going to see is that americans are going to have less access to the very new and best products because it's going to become too costly in this country for new companies to develop those products and for start-ups....
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they want to cut government spending, if you argue we can't borrow more and can't tax moor. >> you make up an excuse. >> right. yet they don't want to be too alarmist. they don't want to cause a panic in the markets and then be blamed for it. they want to create the impression we are on the brink of that, when if fact if you look at the bond markets, interest rates are low over the short term and long term. there's no indication of what's usually ha pg when you have economic problems crated by a debt. we're just not seeing that. >> jared, in the book, the dragon starts off small, then gets very big and very scary, but by the end, it's reduced to a manageable size. interestingly that's not what paul ryan and others want. they want to kill the dragon with a balanced budget as quickly as possible, don't they? >> right. the idea of balancing the budget over x years is really -- >> in his case ten years. in rand paul's case four or five years. >> so is, a, antithey cal to what they need to be concerned about. in fact, anytime we've ever achieved a sustainable budget packet that's brought the
they want to cut government spending, if you argue we can't borrow more and can't tax moor. >> you make up an excuse. >> right. yet they don't want to be too alarmist. they don't want to cause a panic in the markets and then be blamed for it. they want to create the impression we are on the brink of that, when if fact if you look at the bond markets, interest rates are low over the short term and long term. there's no indication of what's usually ha pg when you have economic...
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> do you like eggs? >> doesn't everybody. >> the scrambled eggs and people fgather on the first day of swing and restaurants compete who can make the biggest portion and a record to the team cooked 1500 eggs in one gigantic pan. >> why? >> they're a symbol of a new beginning for spring. >> looks pretty good. >> thanks for joining us. >> "america live" starts right now. >> megyn: fox news alert just 48 hours after an assassination style hit on a high ranking state official in colorado, investigators are looking into whether a powerful saudi arabian family is in in way tied to the murder. tom clements was director of colorado department of corrections. as the manhunt for his killer began, who could have carried this out. welcome, i'm megyn kelly. investigators working on several theories today as they clements murder, but one leading theory involved this man here, he is a saudi national
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> do you like eggs? >> doesn't everybody. >> the scrambled eggs and people fgather on the first day of swing and restaurants compete who can make the biggest portion and a record to the team cooked 1500 eggs in one gigantic pan. >> why? >> they're a symbol of a...
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on taxes, you stand for giving breaks to the rich. they didreign policy, not support the bush foreign policy, so the stoll that made that republican party dominant come all three issues are in democratic favre. until you deal with these problems, it does not matter until network -- it does not matter what network you have. conservatives and, smaller government, less intrusion, and with they will have to figure out how to mollify the social movement. >> i do not think anyone has suggested the only thing that republicans are waiting right now is doing any better data bases and do we need more storefront offices. i was responding to a question directly about that. there is a lot of discussion going on right now about positioning, policies, looking for some of integrating new program pauses, how do we explain our policies better. i do not accept the premise that there is no doubt when you look at the gay marriage issue, that is very generational, it moved faster than any social issue i have ever seen. on the flip side, the pro-life argume
on taxes, you stand for giving breaks to the rich. they didreign policy, not support the bush foreign policy, so the stoll that made that republican party dominant come all three issues are in democratic favre. until you deal with these problems, it does not matter until network -- it does not matter what network you have. conservatives and, smaller government, less intrusion, and with they will have to figure out how to mollify the social movement. >> i do not think anyone has suggested...
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of course we have to pay taxes. this is not about paying taxes or not paying taxes. this is about the fact that there's only so much money in the world. and every penny that the government takes in taxes is money that's not available to invest in a private business. every time you take a tax, what you're doing, you're taking money out of the economy. you have to do that up to some point because we need a government. but if you do too much of it, then there's not enough money for people to spend at your business. if someone's paying more in taxes, that means they have less money to spend where you work, which means you're going to make less money in tips or in salary or may even cost you your job if taxes are too high. and i'm telling you, we focus on federal taxes here, but these -- these aren't the only taxes people pay. depending on where you live, you are paying local and state and now federal taxes. you add those up and there are people in this country that are paying close to half the money they make in taxes. half the money they make in taxes. how's that good f
of course we have to pay taxes. this is not about paying taxes or not paying taxes. this is about the fact that there's only so much money in the world. and every penny that the government takes in taxes is money that's not available to invest in a private business. every time you take a tax, what you're doing, you're taking money out of the economy. you have to do that up to some point because we need a government. but if you do too much of it, then there's not enough money for people to spend...
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. >> and russian tax money. stuart: i was going to ask, this mob they have taken, somehow siphoned money off the russians. when i think of mob i think of prostitution and illegal gambling. in russia, it's siphoning off money. >> yes, you have magnates that don't want irs scrutiny, swiss scrutiny, cyprus is the place to go. it's not just traditional mobsters, there's a nexis in moscow between putin's russia between the officials and corrupt individuals. stuart: go on and say it, is putin pals with the mob? >> you would think he wouldn't mind. if people who are skirting russian taxes, hiding money in cyprus were getting a 10% haircut, you'd think he wouldn't mind, but he's upset and the cypriot foreign minister is grovelling. >> and here you say they're saying they're going to grab some of the mob money, the germans told them to do that. >> that's right, angela merkel saying, eat your vegetables, beyond keynesian, a money grab. and ecb and imf as well all of these bad actors. >> you've got cyprus playing off the r
. >> and russian tax money. stuart: i was going to ask, this mob they have taken, somehow siphoned money off the russians. when i think of mob i think of prostitution and illegal gambling. in russia, it's siphoning off money. >> yes, you have magnates that don't want irs scrutiny, swiss scrutiny, cyprus is the place to go. it's not just traditional mobsters, there's a nexis in moscow between putin's russia between the officials and corrupt individuals. stuart: go on and say it, is...
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welcome to the tax system. >>> cyprus is getting a new ultimatum today. the european central bank is now telling the island nation to come up with a plan to secure a bailout by this monday or emergency aid for their banks will be cut off. very serious situation going on here for cyprus. stuart varney, anchor of "varney & company" on the fox business network joins me right now. stuart, where does all this stand now? >> wait until you hear this. there is ultimatum to cyprus, get a deal by monday midnight or you don't get a bailout. banks are closed all the way to next tuesday. stock market is closed. hints of a deal, cash from russia. here is the big one, martha. they're debating right now in the cypriot parliament of idea of seizing pension money. nationalizing semipublic, semiprivate pension fund companies. that is how far they're going. it reminds you of the seizure of private bank deposits, now the seizure of pension money. it is a sign of desperation. things are coming to a he had he. we may be witnessing the first country to leave the euro. that is a
welcome to the tax system. >>> cyprus is getting a new ultimatum today. the european central bank is now telling the island nation to come up with a plan to secure a bailout by this monday or emergency aid for their banks will be cut off. very serious situation going on here for cyprus. stuart varney, anchor of "varney & company" on the fox business network joins me right now. stuart, where does all this stand now? >> wait until you hear this. there is ultimatum to...
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we will close many corporate tax loopholes, like the tax deferral. you can move jobs overseas and never pay any taxes. , bribed us took bring the jobs home. we say no. if you are an american corporation and you earn money overseas or you earn money here but use tricks, it does not matter. we will tax it all. if you're paying taxes to a foreign government, you get a credit for that so no double taxation. but you should not get a in a fit of no taxes because you are shipping jobs abroad. we eliminate some of the depletion balances. there's no reason we should be giving tax subsidies to these companies. we eliminate benefits for , reduce corporate meals and entertainment. is one thing. the second thing we do is we say, all right, people making over $400,000 now will be haying a tax of three point 96% on their highest income. % on their highest income. institute new tax brackets for millionaires and billionaires. $1 on every one dollar above million. 40 six percent on every one dollar above 20 million dollars. we finally go to a total of 49% for every on
we will close many corporate tax loopholes, like the tax deferral. you can move jobs overseas and never pay any taxes. , bribed us took bring the jobs home. we say no. if you are an american corporation and you earn money overseas or you earn money here but use tricks, it does not matter. we will tax it all. if you're paying taxes to a foreign government, you get a credit for that so no double taxation. but you should not get a in a fit of no taxes because you are shipping jobs abroad. we...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>alisyn: fox news alert for you. president obama went to ramallah a short time ago to meet with palestinian president mahmoud abbas. we're there live. >> good morning. never a dull moment here in the middle east. just as the president was waking up, there were rocket sirens in southern israel. hamas, largely left out of the president's visit -- he controls the gaza strip, and they have launched four rockets into southern israel. one hit at least a house, although no injuries reported. it does show you how much israel is under fire at all times. this is some of the rocket aftermath from near the gaza strip. president obama ignored hamas and spoken only to president mahmoud abbas. they
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>alisyn: fox news alert for you. president obama went to ramallah a short time ago to meet with palestinian president mahmoud abbas. we're there live. >>...
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. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. [ male announcer ] it's red lobster's lobsterfest our largest selection of lobster entrees like lobster lover's dream or new grilled lobster and lobster tacos. come in now and sea food differently. visit redlobster.com now for an exclusive $10 coupon on two lobsterfest entrees. [clucking]. everyone wants to be the cadbury bunny. cause only he brings delicious cadbury crÈme eggs, while others may keep trying. nobunny knows easter better than cadbury! you know who is coming on to me now? you know the kind of guys that do reverse mortgage commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's
. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. [ male announcer ] it's red lobster's lobsterfest our largest...
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the only place with a lot of money are the banks, the departs of the they said we think you should tax departs. imposing austerity is not going to work here, there's only a million people. this country sdwaedoesn't want this because they're a business model. their business model is to attract deposits here. they pay 4% and 5%. so that's the big fight, how do they come up with that 5.8 billion. they may have to shut down banks. that's why you're seeing lines at the atm. >> so how does this resolve itself over the next week? >> reporter: so the banks are going to be closed at least until tuesday. that's the deadline that the european central bank has said to cyprus you better come up with the deal or else we're going to cut off your banks. that means they're not going to fly in cash like they have been doing, they're not going to provide liquidity. if you don't know what that means, it's very simple. the weak banks will fail, they'll get shut down and people will lose a lot of money. that's probably how it's going to end up happening in some form or fashion. the weirdest possible outlier
the only place with a lot of money are the banks, the departs of the they said we think you should tax departs. imposing austerity is not going to work here, there's only a million people. this country sdwaedoesn't want this because they're a business model. their business model is to attract deposits here. they pay 4% and 5%. so that's the big fight, how do they come up with that 5.8 billion. they may have to shut down banks. that's why you're seeing lines at the atm. >> so how does this...
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critics say the company can't compete with china's cheap costs without tax payer money. it should be going to important things like schools. they haven't met the bench marks required to draw on the $197 million federal loan guarantee. but it wouldn't say what the bench marks are or if the feds will lower the bar in order to help the company survive. >> diane macedo fox news. >>> still ahead, it is an american tradition as old as our country. why is one military institute being forced to cancel the 4th of july. >> there's a new one a much different trend taking place in hollywood. attacking the white house. we will have the details about that straight ahead in the fox light. >> let's check in with bray an kilmeade to see what's going on on fox and friends. >> great show as usual. look at the show we put together for you guys to watch in the green room or maybe even in studio. we are going to talk about the president's 50 hours in israel. rocket fire from the palestinian areas. guess where the president is going? to the palestinian areas. we will show you what the latest w
critics say the company can't compete with china's cheap costs without tax payer money. it should be going to important things like schools. they haven't met the bench marks required to draw on the $197 million federal loan guarantee. but it wouldn't say what the bench marks are or if the feds will lower the bar in order to help the company survive. >> diane macedo fox news. >>> still ahead, it is an american tradition as old as our country. why is one military institute being...
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if you're going to tax me 10% i'll take my money out. trust me. >> greta: most think that will never happen here, we don't need to feel like that, but you know, in these very sort of perilous financial times, anything is possible, i suppose. >> in this day and age, you know it is. and when people get their backs against the wall, i ran against the bailouts and now they didn't work the first time and now they need them in europe and you know, saying, we're going to take people's money and go in and tax 10 to 15% of your hard earned money and that's why we brought the resolution to the floor and i asked 30 people yesterday to co-sign it. first 23 signed and seven said send me the information. >> who are the three that need more information. do you out them? >> no, i think the-- i probably would have been one, normally if somebody asks me to sign something on the floor, send it to my staff and let me read it. >> is it bipartisan, any democrats. >> not yet, but i've talked to a few democrats, but i walked down the republican side of the peop
if you're going to tax me 10% i'll take my money out. trust me. >> greta: most think that will never happen here, we don't need to feel like that, but you know, in these very sort of perilous financial times, anything is possible, i suppose. >> in this day and age, you know it is. and when people get their backs against the wall, i ran against the bailouts and now they didn't work the first time and now they need them in europe and you know, saying, we're going to take people's...
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they came right out and said kind of ideologies that he they espouse, even imposing a tax on questions which have not been done in the middle east in hundreds of years, these things are rejected, he said. he talked about reaching out to the backbone of assad's remaining support. he said join us, did not fight us, and we are not fighting you. an open letter was written to the syrian christian community. i know it does have a big impact. this is a vision of respect for the dignity of all syrians, a vision of tolerance, coexistence. i think the vast majority assyrians really want to believe a debt of that vision. the extremist we talked about are a minority but at the violence goes on, those extremist voices are getting louder. >> with the remaining time i have left, thank you for the humanitarian work you're doing. obviously it is very important. if you could expand, you mentioned the efforts we are making to make sure those being held there recognizable america has played in providing that help. if you could just detail that a little bit i would appreciate it. >> we are examining on the
they came right out and said kind of ideologies that he they espouse, even imposing a tax on questions which have not been done in the middle east in hundreds of years, these things are rejected, he said. he talked about reaching out to the backbone of assad's remaining support. he said join us, did not fight us, and we are not fighting you. an open letter was written to the syrian christian community. i know it does have a big impact. this is a vision of respect for the dignity of all syrians,...
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raise taxes. next year they want to raise the taxes by 40 billion dollars, again, the republican budget doesn't raise taxes and then on the deficit this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats want to continue to blow up the budget and eventually, over the decade add 1 trillion dollars of new taxes. >> sean: yeah, so 1 trillion in new taxes over ten years, a trillion dollars, this is like they know no other way, all right? that's point one, but yet, they still will give us almost trillion dollar deficits as far as the eye can see throughout the entire ten
raise taxes. next year they want to raise the taxes by 40 billion dollars, again, the republican budget doesn't raise taxes and then on the deficit this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the...
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there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california ione of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what pliticians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound migration, but i think the question is, did you break safe with the business community when you promise them the temporary tax, people sported it. i don't know very few people in the business community opposed it the first time because we thought, well, he's doing a good job. he's trying to fix it a lot of things in the state budget. if he needs the temporary cover, give it to him, but now to extend it, that reminds me that federal income tax was supposed to be a temporary tax to pay for world world war i, limited to pay for world war i. neil: you're right. stayed on, didn't it? >> t
there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california ione of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what pliticians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound...
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what he did was cut taxes on working people, 90 percent of the public did not pay any taxes. the 2% the did. lou: to drop their rates from 15, under 1 percent as a percentage of the revenue income revenue. 1924, immigration act. people don't realize he did a lot to bring out what we refer to now has diversity. he waseaching out to immigrants from all quarters, minority groups of all kinds. >> he also signed in at the main gate of american citizens. they could vote. way ahead on civil rights, proposing federal anti lynching loss. he spoke out to irish groups, jewish groups while at the same time that that evidence should be made american which is something that is clearly missing from our immigration debate. lou: the idea of going from melting pot to a cultural selig we never quite bring everybody together. that's like to ba very big issue. let me get your thoughts. are we going to see comprehensive immigration reform? >> i think not. when people see the price tag, the need to understa that -- well, coolidge understood. i'm engaged to marry an immigrant. nothing against immigr
what he did was cut taxes on working people, 90 percent of the public did not pay any taxes. the 2% the did. lou: to drop their rates from 15, under 1 percent as a percentage of the revenue income revenue. 1924, immigration act. people don't realize he did a lot to bring out what we refer to now has diversity. he waseaching out to immigrants from all quarters, minority groups of all kinds. >> he also signed in at the main gate of american citizens. they could vote. way ahead on civil...
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especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently. >> under normal circumstances, you don't want the government intervening. in the circumstances where we have the weak demand this is a good time for the government to step in. >> even though who want to spend less would increase spending at lower rate. >> bret: house lawmakers vote down budget proposals as an alternative to g.o.p. plan put forward by paul ryan. senators approved a stop gap spending plan. continuing resolution to keep the government funded after the end of the month. senate has, now it heads to the house. amendment to force the president to reinstate white house tours fail today. mixed message
especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently....
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they want to cut taxes and cut the deficit at the same time. those are their two agenda items. you can't do both. they are just trying to ignore it and hope it goes away. >> now, when you look at the reaction, patricia, there's no wonder they are being defeated at the polls and poll after poll shows that americans are not going their way but i think this only further drives the wedge between the american voters because people are offended when it is clear you are not even being honest with them. >> well, yeah. and i think what americans are really want is just an honest discussion of the issues and if people come at an issue and have an honest disagreement and use facts that are accurate, you can have that discussion and debate. but when you come out of a discussion with facts that are not true that "the washington post" says are four pin knock key ohios, you can't even start to talk about things in an honest way and that's why michele bachmann has gotten into so much trouble. she won her last wasn't by a point. she's a huge target for democrats coming up in the next election c
they want to cut taxes and cut the deficit at the same time. those are their two agenda items. you can't do both. they are just trying to ignore it and hope it goes away. >> now, when you look at the reaction, patricia, there's no wonder they are being defeated at the polls and poll after poll shows that americans are not going their way but i think this only further drives the wedge between the american voters because people are offended when it is clear you are not even being honest...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. nlove. as americans, we believed we can'tin freedom.person we that's what i fought for as a marine, and that's what we believe in as republicans. freedom means freedom for everyone. i didn't use to understand the importance of same-sex marriage, but after learning my brother was gay i wanted the same rights for him. he was the best man at my wedding and i want to be the best man at his. it's only fair that calvin should have the freedom to marry the person he loves, too. it's time for marriage. from beautyrest40% and posturepedic.ets save hundreds on floor samples and closeout inventory. but hurry, the beautyrest and posturepedic closeout sale ends sunday at sleep train. ♪ your ticke
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. nlove. as americans, we believed we can'tin freedom.person we that's what i fought for as a marine, and that's what we believe in as republicans. freedom means...
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. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent. you still have to sit down and do something. >> right. i think we're doing our budget this year. actually we're doing it this week here in the house. our budget will balance in ten years. we're going to pass our budget. hopefully the senate will pass their budget. except their budget never comes to balance. the president
. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the...
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the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the overall condition in europe, how would you describe it. >> at the moment in europe at the micro economic level we have a two-tiered europe. germany is doing very well and everybody else is struggling along. now things are much better than they used to be when the bond deals of spain and italy were much higher than they are now. because the markets are relatively relax. they trust the european central bank to do as they put it whatever it takes to save the euro. now the risk or the collapse of the euro has receded. that doesn't mean europe isn't in good condition. we are looking at two or more years of recession
the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the...
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instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine of growth and job creation and increased opportunities for all hardworking americans. this is what the house republican budget will achieve and this is what americans deserve. i yield back. the chair: the gentlelady yields back the balance of her time. the gentleman from maryland. mr. van hollen: thank you, mr. chairman. the way to save medicare is to bring down costs overall in the health care system, not give seniors a voucher that puts all the risk on the senior which is what the republican approach does. i now yield one minute to the gentleman from california, the distinguished ranking membe
instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. [ sigh of relief ] the words are going this way-there's no way. oh, the lights came on. isn't technology supposed to make life easier? at chase we're pioneering innovations that make banking simple. deposit a check with a photo. pay someone with an email. and bank seamlessly with our award-winning mobile app. take a step forward... and chase what matters. taking a look at some of the pictures after the storm hit, the electrical system is devastated. even the ferry dock was damaged. more th
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male...
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. >> on tuesday lawmakers there rejected a bailout plan because it would apply tax on people's bank deposits. the finance minister is in moscow to ask russia for help. >> that's because almost one-third of the money in cyprus banks is, guess what, from russia. all right. in paris french police have been raiding the home of the imf chief christine lagarde. >> so far police are not saying why, but her lawyers say it has to do with a french court's investigation of lagarde's role in intervening in a long running dispute between a businessman and a french bank. >> remember lagarde succeeded dominique strauss kahn. >> authorities say he was shot at his home last night after opening the front door. police are talking to neighbors and also searching the woods near his property. >> they're also looking into the possibility that the shooting could be related to his high profile job. clemens became the chief of the state's prison system just two years ago. at a news conference a short while ago colorado's governor was clearly emotional while speaking about his friend. >> to me, to i think all of us in
. >> on tuesday lawmakers there rejected a bailout plan because it would apply tax on people's bank deposits. the finance minister is in moscow to ask russia for help. >> that's because almost one-third of the money in cyprus banks is, guess what, from russia. all right. in paris french police have been raiding the home of the imf chief christine lagarde. >> so far police are not saying why, but her lawyers say it has to do with a french court's investigation of lagarde's role...
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this could delay tax refunds. somebody else had already cashed in on this. >> the feeling, the loss of control. it is not supposed to happen when you file taxes. the biggest question for me is what else have they done. bill: the treasury department is on us, implementing new protocols to prevent this from happening before the money goes out. the irs has the best way to protect yourself is to file early before the clerks do. martha: a key part of the senate gun-control legislation has been removed. what it means to push for gun control right after this. we will be right back for your first day? yeah. ♪ dad: you'll be fine, ok? girl: ok. dad: you look so pretty. ♪ i'm overprotective. that's why i got a subaru. love. it's what makes a subaru, a subaru. . ..
this could delay tax refunds. somebody else had already cashed in on this. >> the feeling, the loss of control. it is not supposed to happen when you file taxes. the biggest question for me is what else have they done. bill: the treasury department is on us, implementing new protocols to prevent this from happening before the money goes out. the irs has the best way to protect yourself is to file early before the clerks do. martha: a key part of the senate gun-control legislation has been...
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these are all legitimate talk -- topics, taxes, spending, appropriation. what what do we want to spend our money on? my wife and i do this all the time. are we going to spend money to take this kid here or to get this car replaced? we have to do that from the country's perspective. we look for it in the military. one thing i'm concerned about ash we hear a lot of discussion on the use of drones -- one thing i'm concerned about -- we hear a lot of discussion about the use of drones. the bottom line is that all of these mechanical, all of the technology is great, but there are still men and women who have to run them. they still have to be on the front lines. at some point in time, there will be more boots on the ground somewhere, just as there are right now. host: should that happen in syria? boots on the ground? guest: i'm very concerned about what is happening, especially concerning reports of chemical weapons. will have to do more than just take this cursory look at it. i'm very concerned about foreign policy that says we will dabble here and dabble ther
these are all legitimate talk -- topics, taxes, spending, appropriation. what what do we want to spend our money on? my wife and i do this all the time. are we going to spend money to take this kid here or to get this car replaced? we have to do that from the country's perspective. we look for it in the military. one thing i'm concerned about ash we hear a lot of discussion on the use of drones -- one thing i'm concerned about -- we hear a lot of discussion about the use of drones. the bottom...
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we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did companies that make their profit did overseas, did he ever their payments, sometimes never pay them, and >> bill: that just encourages people to move their money or jobs offshore? >> it's an incentive. >> why should we be rewarding them for exporting jobs basically? >> what these corporate interests and wealthy americans do is hide spending in give them a check? we would is a no way. in the tax code, nobody is really examining that. >> bill: exact. >> special tax -- well, mortgage interest deductions for second homes. not just a first home. i will tell you, a big one is the fossil fuel subsidy. i am talking about oil a
we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did...
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why are the russians not happy about this tax? because about $30 billion, a third of money in cyprus belongs to russian people. russians park their money there because the taxes are so much lower. this would be a tax on russian money, too. for now the banks remain closed until thursday. the cyprus stock exchange remains closed. the uk is flying one million euros in cash to cyprus for british soldiers who might run short of money. this is a really interesting situation to watch here in cyprus. >> imagine your bank being closed. >> yeah. you have no access for three days. >> it's a reminder of how fragile and interconnected some of the pieces are in the european story. we're watching a recession deepen in europe. >> also when you think you have awe tax haven. >> that's right. >> christine, thank you. >>> new information this morning that just a few restless nights could pack on the pounds immediately. we're going to have the details coming up. if you think running a restaurant is hard, try running four. fortunately we've got ink. it
why are the russians not happy about this tax? because about $30 billion, a third of money in cyprus belongs to russian people. russians park their money there because the taxes are so much lower. this would be a tax on russian money, too. for now the banks remain closed until thursday. the cyprus stock exchange remains closed. the uk is flying one million euros in cash to cyprus for british soldiers who might run short of money. this is a really interesting situation to watch here in cyprus....
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but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average gained more than three points to close above 14,455. the nasdaq fell eight points to close at 3229. seven u.s. marines were killed after a mortar unexpectedly exploded during a training exercise in western nevada. military officials said that prompted the pentagon to halt the use of the mortar worldwide until an investigation can be completed. the accident happened last night at the hawthorne army depot. the marines who were killed were based at camp lejeune in north carolina. seven other marines and sailors were injured in the explosion. a proposed ban on assault weapons will not be part of a gun controlill slated for debate next month. california senator diane feinstein said it will instead be offered as an amendment. but that amendment is unlikely to survive because of s
but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average gained more than three points to close above 14,455. the nasdaq fell eight points to close at 3229. seven u.s. marines were killed after a mortar unexpectedly exploded during a...
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a lot of democrats who consider ourselves to be fiscally responsible is of course, you had the bush tax cuts. then right after, you had the attacks on september 11th and you had the war on afghanistan, which i supported and almost all of the members of congress did, because those were the people that attacked us. but then, you had the war in iraq and both afghanistan and iraq were fought as quote emergencies, which means they weren't included in the annual deficits. so, now, when they're talking about a budget that cuts student loan programs for gi members, people coming back from iraq and afghanistan now they're not getting their student loans. because this was all fought off budget. i think that's political malpractice on the part of the republican party. they should have budgeted for this. >> well, from a congressional physician of the soul like diana degette, thank you so much. now to dr. james peterson, msnbc analyst and director of africana studies. professor, millions oppose the war, but as you know, and i'm sure you remember, their voices were significantly marginalized. give us
a lot of democrats who consider ourselves to be fiscally responsible is of course, you had the bush tax cuts. then right after, you had the attacks on september 11th and you had the war on afghanistan, which i supported and almost all of the members of congress did, because those were the people that attacked us. but then, you had the war in iraq and both afghanistan and iraq were fought as quote emergencies, which means they weren't included in the annual deficits. so, now, when they're...
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many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the sameumber, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates falling. the ten year treasury just under 2%. federal reserve policymakers beginning their 2-day meeting. my next guest said the fed will has been substantial, don't expect changes anytime soon. that should be music to the ears of most investors. joing us, former federal reserve vice chair princeton economist alan blinder and the author of the book after the music stops. great to have you with us. >> nice to be here. lou: let's start with cypress. this little place, million folks. they're creating quite a mess. $400 billion lt of global markets yesterday. we should blame -- >> multiple of the gdp. i actual
many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the sameumber, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates...
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worldwide the parliament in cyprus rejects a plan to tax its bank depositors. the euro falls to its lowest level since november. >>> ben bernanke and the fed get down to business. what should we expect after its two-day meeting ends tomorrow? we'll ask former federal reserve governor randy crosser in. >> and what does the ceo of one of the world's iconic brands think of the economy and the american consumer? susie sits down with the top man at coca-cola. all that and more coming up right now on "nbr." good evening and welcome to our public television viewers. susie, once again, little cyprus making big economic noise today. >> you're right, tyler. actually a big win for citizens in cyprus. lawmakers rejected today an unpopular and unprecedented proposal to tax bank deposits. it was part of a larger eurozone bailout plan to rescue those banks and keep the nation solvent. the crucial vote came after a wave of protests, and as cypr t cypriots scrambled to withdraw cash from their atms. bertha coombs joins us with more on today's historic vote and what's ahead for
worldwide the parliament in cyprus rejects a plan to tax its bank depositors. the euro falls to its lowest level since november. >>> ben bernanke and the fed get down to business. what should we expect after its two-day meeting ends tomorrow? we'll ask former federal reserve governor randy crosser in. >> and what does the ceo of one of the world's iconic brands think of the economy and the american consumer? susie sits down with the top man at coca-cola. all that and more coming...
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although the parliament rejected the so-called bank deposit tax this afternoon, uncertainty how the country will fund its bailout remanges. now, all of this put the financial markets on edge for the day and as you heard, it's raising many concerns that such radical measures could one day be taken in america. is that possible? joining me now with reaction from the fox business network, stuart varney and co-host of "the five" dana perino. you say it better than i do. >> my name? his name, stuart varney. >> sean: and saying that there's a debt crisis. >> i don't agree with either one of them. >> the lesson from cyprus is simple. there are two lessons. all governments should get a grip on its debt. america is not getting a grip on its debt, it should. don't ever threaten to take the private bank accounts of ordinary citizens, because if you do, you will have a revolt. those are two lessons. >> sean: all hell would break loose, i mean, it would be ugly. the streets, people violence, agree? >> yes, i do, except for i think it's a little like calling in the black helicopters when we're talking abo
although the parliament rejected the so-called bank deposit tax this afternoon, uncertainty how the country will fund its bailout remanges. now, all of this put the financial markets on edge for the day and as you heard, it's raising many concerns that such radical measures could one day be taken in america. is that possible? joining me now with reaction from the fox business network, stuart varney and co-host of "the five" dana perino. you say it better than i do. >> my name?...
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taxes every year. nearly 30 million middle income americans would lose their health insurance because of the repeal of the affordable care act and tens of millions of the would lose coverage because of ryan's plan to gut medicaid. we can do better. it would destroy the commitment we made to our nation's seniors, by turning medicare into a voucher program. it would shift the rising cost of health care onto those very american who was already suffered deep financial shocks in the recent fiscal crisis. many of them have lost their homes, lost their health insurance, lost their jobs, lost equity in their homes, lost their savings, and yet we want the ryan -- and yet the ryan budget would break another promise to them. in a profoundly cynical mood the ryan budget would revoke those provisions of the affordable care act that would expand access to care while keeping in place the revenue generated by the act. the ryan budget also guts investments in science. job tructure and all the growth as well as the futu
taxes every year. nearly 30 million middle income americans would lose their health insurance because of the repeal of the affordable care act and tens of millions of the would lose coverage because of ryan's plan to gut medicaid. we can do better. it would destroy the commitment we made to our nation's seniors, by turning medicare into a voucher program. it would shift the rising cost of health care onto those very american who was already suffered deep financial shocks in the recent fiscal...
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as part of that, you have to have tax reform and significant tax reform. and actually, simpson/bowles, a commission i served on, laid out a way to do it, got the tax rates down on the personal side to 9, 15 and 23% and the corporate to 26%. and you need to bring the corporate rate down to 24, 25, 26% and need to go to a territorial system. but you can't do that independent of the individual system, because if you have a huge gap between the top individual rate, say today it's at 42.5%, and if you took the corporate 25%, everybody started -- >> because then you have small business. small business got screwed at the expense of big businesses in the last tax bill. so you're right. so i -- look, i say, you're going to have big problems if you try to have a big personal and corporate together. i don't think it's possible. i don't know why you just can't do this. reform the corporate tax code. you can put limits on the deductions or -- i don't care. the president wants to do it. the republicans want to do it. just do it. but one exception. let small businessmen
as part of that, you have to have tax reform and significant tax reform. and actually, simpson/bowles, a commission i served on, laid out a way to do it, got the tax rates down on the personal side to 9, 15 and 23% and the corporate to 26%. and you need to bring the corporate rate down to 24, 25, 26% and need to go to a territorial system. but you can't do that independent of the individual system, because if you have a huge gap between the top individual rate, say today it's at 42.5%, and if...
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points towards the same goal, bringing these workers out of the shadows and into becoming and being tax paying members of society. >> michael: that's kentucky tea party senator rand paul's embrace of immigration reform. it comes a day after the republican national committee released their autopsy report on why the g.o.p. continues to nose dive in favorability. the recommendation is to support comprehensive immigration reform. the senator's move comes after the drone filibuster and the straw purchase. here is maria from the university of cal berkeley where she is the development director of the chief schuster earl institute. welcome to the war room. >> glad to be here. >> michael: what do you make of his new stance? >> i think it's really a revelation, and i welcome yesterday's g.o.p. autopsy report. i think it is a recognition that if the republicans intend to be a national party, they have got to broaden their appeal to the fastest growing part of the electorate. but words are only one thing. let's see what they do in terms of actually voting for immigration reform. >> michael: yes, be
points towards the same goal, bringing these workers out of the shadows and into becoming and being tax paying members of society. >> michael: that's kentucky tea party senator rand paul's embrace of immigration reform. it comes a day after the republican national committee released their autopsy report on why the g.o.p. continues to nose dive in favorability. the recommendation is to support comprehensive immigration reform. the senator's move comes after the drone filibuster and the...
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and taxes. it will structure our system for economic growth. we will stop hemorrhaging jobs overseas and bring american jobs back to these shores. it's one thing if we lose jobs because of low wages overseas. we don't ever want to compete in that arena. it's another if we lose jobs because our government is inefficient, bloated and expensive. and finally, it protects our most vulnerable. it protects our young people. you know, i agree with then senator obama when he said it was immoral to continue to incur these massive debts. of course, when he said it, since he said it, our debt is multiples of what he was decrying at that time. we are piling mountains and mountains of debt on our children and our grandchildren to fuel our addiction to spending and it's got to stop and it's got to stop now. i'm proud to stand for this republican budget and i urge its passage. i give back the rest of my time. the chair: the gentleman yields back the balance of his time. the gentleman from maryland. mr. van holl
and taxes. it will structure our system for economic growth. we will stop hemorrhaging jobs overseas and bring american jobs back to these shores. it's one thing if we lose jobs because of low wages overseas. we don't ever want to compete in that arena. it's another if we lose jobs because our government is inefficient, bloated and expensive. and finally, it protects our most vulnerable. it protects our young people. you know, i agree with then senator obama when he said it was immoral to...